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FTSE stalls as Unilever pays for emerging markets reliance
by Chris Marshall on Oct 01, 2013 at 10:07
Easyjet was the top riser on the UK’s blue chip index, up 2.1% to £13.05 ahead of Thursday’s trading statement.
Pound hits nine-month high
The British pound meanwhile continued to steam higher, up 0.3% to £1.6241 to circle nine-month highs. Sterling was among currencies gaining against the US dollar, which was out of favour owing to concerns over the government shutdown.
The gains came amid further signs of manufacturing strength in the UK economy, with the Markit PMI survey coming in at 56.7 in September, marking the sixth successive month of expansion.
Investors were contending with a ragtag mix of economic news on Tuesday. China’s official PMI for September edged up to 51.1 from 51, the third consecutive rise, but this was less strong than expected.
In Japan, prime minister Shinzo Abe confirmed a controversial rise in the sales tax from April next year, to 8% from 5%. He will unveil a package of stimulus measures later today aimed at offsetting any potential negative impact of the sales tax on the country’s economic recovery, according to reports.
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- Unilever PLC (ULVR.L)
- Wolseley PLC (WOS.L)
- Reckitt Benckiser Group PLC (RB.L)
- SABMiller PLC (SAB.L)
- easyJet plc (EZJ.L)
On the road
on Dec 06, 2013 at 14:28